Colombia Consumer Confidence November 2019

Colombia

Colombia: Consumer sentiment deteriorates in November

December 18, 2019

Consumers turned more pessimistic in November, with the Fedesarrollo consumer confidence index falling to minus 14.4 from 9.8 in October. The index, thus moved further from the critical zero-threshold separating pessimism and optimism among consumers, signaling a deterioration in sentiment.

November’s downturn was largely driven by consumers’ worsened outlook over general economic conditions in the year ahead. Moreover, households’ willingness to purchase big-ticket items deteriorated markedly in November.

LatinFocus Consensus Forecast participants expect private consumption to expand 3.5% in 2020, which is unchanged from last month’s forecast, and 3.4% in 2021.


Author:, Economist

Sample Report

Looking for forecasts related to Consumer Confidence in Colombia? Download a sample report now.

Download

Colombia Consumer Confidence Chart


Colombia Consumer Confidence November 2019

Note: Index of consumer sentiment. Values above 0 indicate optimistic perception, below 0 indicate negative perception.
Source: Fedesarrollo.


Colombia Economic News

More news

Search form